Acadian Asset Management LLC Buys 12,663 Shares of Flexsteel Industries, Inc. $FLXS

Acadian Asset Management LLC increased its holdings in Flexsteel Industries, Inc. (NASDAQ:FLXS) by 32.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,605 shares of the company’s stock after acquiring an additional 12,663 shares during the quarter. Acadian Asset Management LLC owned approximately 0.98% of Flexsteel Industries worth $1,881,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Deutsche Bank AG purchased a new stake in Flexsteel Industries in the fourth quarter worth about $181,000. Nuveen Asset Management LLC lifted its stake in Flexsteel Industries by 274.7% in the fourth quarter. Nuveen Asset Management LLC now owns 23,202 shares of the company’s stock worth $1,261,000 after acquiring an additional 17,010 shares during the period. Public Employees Retirement System of Ohio lifted its stake in Flexsteel Industries by 223.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 3,686 shares of the company’s stock worth $200,000 after acquiring an additional 2,546 shares during the period. Bank of America Corp DE lifted its stake in Flexsteel Industries by 40.3% in the fourth quarter. Bank of America Corp DE now owns 4,843 shares of the company’s stock worth $263,000 after acquiring an additional 1,392 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Flexsteel Industries by 4,864.0% in the first quarter. GAMMA Investing LLC now owns 1,241 shares of the company’s stock worth $45,000 after acquiring an additional 1,216 shares during the period. 36.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Flexsteel Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 30th.

Insider Activity at Flexsteel Industries

In other news, insider Michael Joseph Mcclaflin sold 2,600 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $46.75, for a total transaction of $121,550.00. Following the sale, the insider owned 33,576 shares of the company’s stock, valued at $1,569,678. This trade represents a 7.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 15.60% of the stock is owned by insiders.

Flexsteel Industries Trading Down 2.0%

Shares of NASDAQ:FLXS opened at $47.51 on Wednesday. Flexsteel Industries, Inc. has a twelve month low of $29.38 and a twelve month high of $65.87. The company’s 50 day moving average is $40.49 and its 200 day moving average is $36.84. The company has a market cap of $250.38 million, a PE ratio of 13.42, a price-to-earnings-growth ratio of 1.05 and a beta of 0.34.

Flexsteel Industries (NASDAQ:FLXS) last issued its quarterly earnings results on Monday, August 18th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.56. Flexsteel Industries had a net margin of 4.57% and a return on equity of 14.74%. The company had revenue of $114.61 million for the quarter, compared to the consensus estimate of $111.93 million. During the same quarter in the prior year, the company earned $0.75 EPS. Flexsteel Industries has set its Q1 2026 guidance at EPS. Equities research analysts predict that Flexsteel Industries, Inc. will post 3.53 earnings per share for the current fiscal year.

Flexsteel Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 6th. Stockholders of record on Wednesday, September 24th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.7%. Flexsteel Industries’s dividend payout ratio (DPR) is presently 22.60%.

Flexsteel Industries Profile

Flexsteel Industries, Inc, together with its subsidiaries, operates as a manufacturer, importer, and markets of upholstered furniture for residential and contract markets in the United States. It provides upholstered furniture, such as sofas, loveseats, chairs, reclining rocking chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, kitchen storage, bedroom furniture, and outdoor furniture.